Sirlibz
The Ethereum blockchain firm ConsenSys has announced its sixth Central Bank digital currency project in a partnership with Societe Generale Forge. ConsenSys will provide them with technology and expertise to help them in building the digital euro experiment. The blockchain firm will focus on helping them particularly on the Central Bank digital currency (CBDC) issuance and management, delivery versus payment and cross-ledger interoperability.
As part of the collaboration, Societe Generale Forge will continue to grow it’s achievements such as the issuance of a 100 million Euro bond, a security token built on the Ethereum blockchain back in 2019. It is also involved or one of the partners picked by Banque de France, the Central Bank of France in experimenting it’s work in building a Central Bank Digital Currency.
“We are pleased to partner with ConsenSys, a company who is a key player in the development of distributed ledger technology globally and offers many of the infrastructure and development tools used by the blockchain community.” Jean-Marc Stenger, CEO of Societe Generale – Forge, noted.
Involvement In Other CBDC Projects
ConsenSys is involved in a lot of partnerships with plans of developing a Central Bank digital currency (CBDC). The blockchain firm was awarded the contract to square-head the second implementation phase of project Ithanon-Lionrock, a project that involves building a cross-border payment network between Hong Kong and Thailand though it’s own CBDC.
It has also been involved in the project Ubin, a Singapore’s Central Bank project and the South African Central Bank’s project called khokha.
“We have high regard for the accomplishments of Societe Generale – Forge and are proud to be working with them. ConsenSys is committed to advances in the CBDC space and has assisted six central banks around the world on CBDC projects.” Ken Timsit, Global Head of Enterprise Solutions at ConsenSys, said.
